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theguardian.com
China’s graduate glut: millions of young people enter a job market with little use for them
Record numbers find there is little demand for their skills, as entry-level tech roles are hit by AI and automationThis time of year is graduation season in China: traditionally a bittersweet period of solemn goodbyes and family celebrations as university students transition from campus life into adulthood. Now it also increasingly represents trepidation about the future.Each year, millions more graduates are thrust into China’s already saturated jobs market. The situation for this year’s cohort of degree holders, flooding into an increasingly crowded pool of applicants fighting for an insufficient number of positions, is arguably the bleakest yet. Continue reading...
cnbc.com
Treasury yields are little changed as U.S.-Iran ceasefire strained; investors await core inflation data
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was broadly unchanged at 4.473%.
theguardian.com
Oil price jumps over 4% and gold slides as the US and Iran trade attacks –business live
Asian shares tumble with South Korea’s Kospi down nearly 10%Drinkers across the UK were shocked when a pint in some London bars hit £10, and now a cup of coffee is facing a similar inflationary rate. Some baristas are now charging £6.50 for a flat white.Higher energy bills, inflated by the war in the Middle East, as well as government policies which have increased tax and wages, are filtering through into coffee prices, experts said. Continue reading...
cnbc.com
U.S. and Iran exchange strikes as Strait of Hormuz standoff escalates
Iran responded to a fresh wave of strikes by U.S. forces by launching an attack on American military bases in several Gulf states.
cnbc.com
Europe's Anduril rival Helsing raises $1.8 billion at $18 billion valuation
Helsing said "investor demand significantly exceeded the available allocation" for its $1.8 billion funding round.
cnbc.com
SK Hynix South Korean shares clock worst day, sinking over 15%, after stellar Nasdaq debut
SK Hynix Inc. shares tumbled over 15% in Seoul on Monday after the chipmaker's blockbuster Nasdaq debut.
cnbc.com
TSMC, the world's largest contract chipmaker, reports 68% surge in June revenue
Ahead of its second-quarter earnings, TSMC reported its June and first-half revenue for 2026.
bbc.co.uk
The SpaceX IPO made history. One month on has it lost momentum?
A month on from the firm's stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.
cnbc.com
CNBC Daily Open: Chips ahoy, no Strait answer and earnings on deck
Sharp declines for South Korea's SK Hynix spook markets in Asia and weigh on futures for Europe and the U.S.
theguardian.com
Yorkshire Water paid us £6,800 by mistake – and said to ‘enjoy’ the money
Only when Guardian Money contacted the company did it discover the cash was wages owed to its staffIn May, our supplier, Yorkshire Water, made a surprise payment of more than £3,500 into my partner’s bank account.We assumed that it was an error and we would be told to repay it. Continue reading...
bbc.co.uk
Demand for baby bank growing faster than donations
The charity says it gave out 36,400 items of child clothing and 536 tubs of formula milk in 2025.
theguardian.com
Struggling pub landlords given a lifeline by England’s World Cup heroes
One manager expects takings to treble during England’s semi-final with Argentina on Wednesday; while national sales are up 10%The beleaguered pub sector is getting a boost from England’s World Cup run, with some landlords reporting roaring sales as anticipation builds for a bumper night on Wednesday for the semi-final clash with Argentina.Lisa Mayall, the manager of the British Oak in Kingswinford near Dudley in the West Midlands, was jubilant after England’s 2-1 win against Norway on Saturday night and brisk takings at the pub’s till. She expects hundreds more customers for the team’s next game at 8pm BST. Continue reading...
theguardian.com
Britons give classic round tomato the red card as coloured and vine varieties score
Premium cherry-on-the-vine are poised to take top spot in Britain’s £1bn-a-year tomato marketFor a long time the classic round, red tomato has dominated British salads and sandwiches, but its supremacy is coming under threat as sales of rainbow colours and the upmarket rival “cherry on the vine” take off.“Non-red tomatoes” sales are up 21% this year, a growth rate that far exceeds the overall market, according to Paul Faulkner, of Evesham Vale Growers. Continue reading...
cnbc.com
U.S. and Iran trade airstrikes again amid conflicting claims over Strait of Hormuz
The U.S. and Iran exchanged a barrage of missile and drone airstrikes amid a dispute over the status of the Strait of Hormuz.
cnbc.com
McConnell provides health update after long unexplained absence; says he suffered fall, pneumonia
McConnell is the longest-serving party leader in Senate history.
cnbc.com
CNBC Daily Open: Mideast tensions on the boil again as U.S., Iran trade strikes
Renewed tensions take center stage in the Middle East, sending oil prices spiking once again as the U.S. and Iran trade strikes.
theguardian.com
‘The trash does not stop’: life among the garbage mountains of Jakarta, the world’s biggest city
Indonesia’s government is grappling with how to manage waste at Bantar Gebang – Jakarta’s largest landfill – which supports the livelihood of thousands of waste pickersOn the outskirts of Jakarta, huge rolling peaks of rubbish stretch across more than 100 hectares (247 acres), towering over nearby villages. Each day a convoy of trucks plough in and dump more garbage into one of Asia’s largest landfills.Here, thousands of people live on the fringe of the site and make their income picking through the waste and salvaging scraps for resale. The work is dangerous – earlier this year seven people died after one of the massive trash mounds caved in, burying them alive. Continue reading...
bbc.co.uk
10 years of Pokémon Go and the millions still trying to catch 'em all
Michael Steranka, vice president at the mobile game's owner Scopely, says it has always been about bringing people together.
bbc.co.uk
New era for Gibraltar with removal of 118-year-old border controls with Spain
It is hoped that free movement between the UK territory and Spain will provide an economic boost.
bbc.co.uk
How to change bank, energy or broadband provider and save money
Changing your broadband or energy supplier, or even your bank, for a better deal is simpler than it used to be.
cnbc.com
Sen. Lindsey Graham, influential lawmaker and Trump ally, dies at 71 after a brief illness
Graham, a prominent Republican senator from South Carolina, had just returned from a trip to Ukraine.
cnbc.com
Elon Musk and Sam Altman spar on X after Apple files OpenAI lawsuit
Sam Altman insisted that Elon Musk was again obsessed with him because of an OpenAI model release earlier this week.
cnbc.com
Who will replace Lindsey Graham in the Senate?
South Carolina GOP Rep. Nancy Mace and Gov. Henry McMaster are among the first to be floated for the Senate seat vacated by Lindsey Graham.
cnbc.com
'Funflation' hits home: Why staying in isn't the cost-saver it used to be
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
cnbc.com
Graham’s death complicates myriad GOP goals in Congress
South Carolina Republican Sen. Lindsey Graham died unexpectedly at 71.
theguardian.com
Britain’s biggest community solar farm forced to shut over grid overload fears
Timing of Devon switchoff ‘could not be worse’, says board, as members face an estimated £2m in lost revenue Britain’s biggest community solar project has been forced to shut for the duration of its first summer by the government’s energy system operator to avoid overloading the local grid with renewable energy.The north Devon solar farm was ordered to shut weeks before record high temperatures across Europe led to power supply warnings, due to concerns that the large amount of rooftop solar in the area could destabilise the power grid by triggering a “thermal overload”. Continue reading...
theguardian.com
Green MP Hannah Spencer to introduce bill on maximum workplace temperatures
Byelection winner says heatwaves are causing ‘absolute chaos’ and workers need protection from unsafe conditionsThe Green MP Hannah Spencer is to introduce a bill in parliament that would pave the way for a maximum workplace temperature in the UK, as the country grapples with increasingly frequent heatwaves.If passed, the legislation will create an independent body to recommend maximum safe workplace temperatures and set out how those recommendations should be implemented. Continue reading...
theguardian.com
France and UK to increase staffing at border controls in effort to avert travel chaos
Disruption at Channel crossings expected to rise amid new fingerprint and facial recognition checksFrance and the UK have agreed to increase staffing at border controls in response to warnings of travel chaos caused by new fingerprinting and facial recognition checks.Disruption at Channel crossings is expected to rise sharply next weekend at the start of the summer holiday season, with MPs saying there would be “utter chaos and miles of tailbacks” unless the EU’s entry-exit system (EES) is fixed or checks are suspended. Continue reading...
cnbc.com
Burnout, frustration and heartbreak: Amazon layoffs take their toll in saturated job market
In the eight-plus months since Amazon announced its most expansive job cuts ever, laid off workers have been thrust into an increasingly saturated labor market.
cnbc.com
Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
theguardian.com
UK must cap political donations to stop the rich buying influence | Heather Stewart
If Keir Starmer won’t act then his successor should – by restricting the power of a small group of mega-donors Just as Nigel Farage kicks off a summer of “arguing with a bin”, as the chancellor, Rachel Reeves called it, Labour’s bill to clean up politics returns to the House of Commons this week.As more questions emerge about the financing of Reform UK and Farage’s mega-donor chums – through the brilliant reporting of Guardian colleagues – MPs should seize the opportunity to toughen it up. Continue reading...
theguardian.com
Nigel Farage is just one strand in the tangle of rightwing politicians and crypto investors | John Harris
These financiers want to remodel the UK into a form that suits them – one that could threaten to erode the barriers between crime and businessThis coming Tuesday, the government’s representation of the people bill comes back to the House of Commons for its third reading. It bundles up a multitude of measures, including an extension of the franchise to 16- and 17-year-olds and welcome changes to voter registration. But thanks to the continuing furore around Nigel Farage and his extremely wealthy friends – such as the Thailand-based crypto-investor Christopher Harborne, who gave Farage a £5m “lottery win” personal gift and has donated in excess of £22m to Reform UK – the aspects of the legislation that have suddenly become its headline measures are focused on big-money donations.The government has already implemented a moratorium – but only a moratorium – on political donations in cryptocurrencies, the encrypted digital assets that, to quote the Electoral Commission, “present particular challenges and risks in meeting electoral law requirements in identifying donors and ensuring they are permissible”. There is a new annual £100,000 limit on donations from British citizens living abroad. Other legislative moves will now take the form of amendments to the bill: they include new checks on whether companies making donations are above board by measuring their profit as well as their revenues, and a requirement for parliamentary candidates to declare any donation above £2,230 (although “personal gifts” will continue to be exempt).John Harris is a Guardian columnist Continue reading...
theguardian.com
Reeves tells Burnham to expect ‘shocks and challenges’ from outset in No 10
Chancellor says PM-in-waiting needs ‘worked through plan’, in what could be one of her final interviews in No 11Rachel Reeves has urged Andy Burnham to arrive in Downing Street with a “worked through plan”, saying the incoming prime minister will be tested quickly by a range of incoming “shocks and challenges”.In what could be one of the first female chancellor’s final major interviews while in No 11, Reeves said Burnham should remain focused on the priorities that first brought him into politics. Continue reading...
bbc.co.uk
Londoners face hidden poverty premium, study says
Low-income households in London are facing an additional burden of over £600 a year simply to access standard goods and services.
theguardian.com
UK’s public spending watchdog to investigate Lower Thames Crossing project
Exclusive: Campaigners voice concerns over rising costs of £11bn Essex to Kent road tunnelThe UK’s public spending watchdog has said it plans to investigate the Lower Thames Crossing, as campaigners voice concerns over the rising costs of one of the UK’s largest infrastructure projects.The head of the National Audit Office (NAO) said he anticipated the agency would “examine and report” on the planned £11bn road tunnel between Kent and Essex, and that work to monitor the project had already started. Continue reading...
theguardian.com
‘A very good clone’: news stories faked to lure victims to scam investment sites
Fraudsters create false articles that appear to be from publishers such as the Guardian to share on social mediaThe Guardian article looks interesting. It says the billionaire Jim Ratcliffe has stormed out of a BBC interview after presenter Laura Kuenssberg revealed details of his personal financial affairs – and now the episode has been removed from iPlayer.Among the detail in the piece is that Ratcliffe has been using an online investment platform to make money. The report says although the site has been kept secret, other people have used it too, and they have made a fortune. There is a link to the site where you can trade cryptocurrency, stocks and shares. Continue reading...
theguardian.com
To make wine is to believe in the future: the Ukrainians growing grapes on the frontline
In the midst of unexploded Russian rockets and buzzing drones, Ukrainian winemakers are keeping vines and hope aliveAs winemaker Mykhailo Molchanov pottered about trimming foliage from his vines on a warm early-summer day, his dog Direktor at his heels, it was hard to imagine a more idyllic scene.The Molchanovs’ organic vines are planted directly into the richly biodiverse grassland for which southern Ukraine is renowned – hence their label’s name, Steppe Wines – amid the silvery feathergrass and wild salvia. Continue reading...
theguardian.com
UK to crack down on unlicensed casinos sponsoring football teams
Exclusive: Government to launch consultation after Everton’s deal with Stake.com went ahead amid Gambling Commission warnings Ministers are poised to crack down on unlicensed casinos sponsoring British sports teams amid criticism that a delay to the proposals has opened the door for offshore gambling firms to strike lucrative deals with Premier League clubs.Progress with plans to kick unlicensed gambling operators out of football has stalled since February, when the Department for Culture, Media and Sport (DCMS) said a review would begin in the spring. Continue reading...
bbc.co.uk
How Aldi is taking on US supermarkets with its $4 almond butter
The German supermarket's $9bn US push targets urban hubs like Manhattan. Can its discount model match Walmart?
cnbc.com
‘Almost unlimited’: Execs says AI demand remains strong even as enterprises move to ‘valuemaxxing’
AI-related chip stocks have been volatile amid a debate over AI demand and spending.
cnbc.com
Trump threatens to 'decimate' Iran if it tries to kill him, as Treasury sanctions alleged Iranian financier
Trump says 1,000 missiles are "locked and loaded" and will hit Iran if it carries out its threats to assassinate the U.S. president.
cnbc.com
AI is entering a new phase — and these are the stocks investors should be watching
CNBC's Paulina Likos and Zev Fima discuss Wall Street's shift from AI euphoria toward rationalization and what it means for investors.
theguardian.com
Is the US trying to make scientists’ work so difficult that they simply give up? | Daniel Malinsky
New Trump administration rules would undermine longstanding research practices. It’s death by a thousand cutsA politician who aims to gradually privatize and ultimately destroy an institution funded by tax dollars – say, a public school system or public transportation network – may choose to do so by strategically disinvesting resources from that institution until it becomes barely functional, leading users to look elsewhere to meet their needs. Eventually, the user-base of the public system gets so low or frustrated that it seems reasonable to scrap the thing entirely, or re-direct public funds to private companies as contractors to provide the needed “service”. We’ve seen this strategy play out many times in states and city councils across America.It appears that the endgame of the Trump administration’s attacks on science and the research funding ecosystem is similar: grant freezes and administrative disarray at federal funding agencies such as the National Institutes of Health (NIH), new layers of project review by political appointees hunting for forbidden keywords such as “disparity” and “marginalized”, and proposed new restrictions to make international collaboration difficult or impossible all point towards a world where it’s just too onerous to do federally-funded scientific research. Is the goal to make scientists simply give up on the endeavor?Daniel Malinsky is an assistant professor of biostatistics in the Mailman School of Public Health at Columbia University Continue reading...
cnbc.com
Berkshire Hathaway gains ground, but still trails the S&P 500 as '26 enters second half
With 2026 a bit more than half over, Berkshire Hathaway's B shares are down 1.8% year-to-date and 12.4 percentage points behind the S&P 500's 10.7% gain.
theguardian.com
‘End of an era’: what is the future of British TV after Sky’s ITV takeover?
Merger stokes fears over job cuts, US influence and possible BBC and Channel 4 tie-up to take on Netflix and YouTubeOnly five years ago a bullish ITV was riding high, trumpeting the biggest annual advertising haul in its history, as the broadcaster pledged to become a national champion in the battle against the US streamers.Now its chief executive, Carolyn McCall, has raised the white flag, arguing that a cut-price sale of its TV and streaming business to Sky is the only route to survival as deep-pocketed companies such as Netflix and YouTube hoover up audiences and commercial revenues. Continue reading...
bbc.co.uk
Reeves tells BBC: Burnham needs worked-through plan to govern from the start
The Chancellor tells Laura Kuenssberg she will be handing over a stable economy to the incoming PM.
theguardian.com
Datacentres drive up big tech’s carbon emissions to a third of those of France
Microsoft, Amazon and Google say they still aim to achieve net zero output despite construction boomMicrosoft, Amazon and Google’s collective carbon emissions have increased by nearly a fifth in the past year, driven largely by datacentre construction.In the financial year ending March 2026, the three tech companies emitted 119m mTCO₂e (metric tonnes of carbon dioxide equivalent), or about a third of those of France. Continue reading...
theguardian.com
Safe from AI: which jobs will help you thrive in the future?
Experts say there will still be opportunities ahead in everything from teaching to hotels and the lawEntering the world of work often brings some uncertainty, but now there is another question: how can I AI-proof my career?We asked people from across various industries what they think the impact of AI will be on careers, and which jobs may be less affected. While it is still early days for the tech, many had ideas about how you can best prepare yourself for a successful career in this new world. Continue reading...
theguardian.com
‘Like a sauna’: London tube travellers swelter in temperatures higher than legal limit for cattle
The tube cannot easily be adapted to cope with heatwaves, making conditions almost unbearableAs the escalator descends below ground at King’s Cross St Pancras station in London, the shift from what was already a hot station entrance to the furnace-like subterranean depths is perceptible.On the tube it’s worse: a man leans back in his seat, eyes closed, sweltering; people hold electric fans an inch away from their faces. London commuters are known for their stoicism and the heat appears to be another tribulation to accept. They will need to: heatwaves in the capital are becoming routine. Continue reading...
bbc.co.uk
Will Trump Accounts deliver for American children?
The White House has hailed the project as giving new generations a stake in the American dream, but the scheme has its critics.
theguardian.com
‘A new consumer’: how weight-loss drugs are shaking up clothes shopping
As they slim down, UK and US users of GLP-1 jabs and pills are changing their spending habits – and their wardrobesTell us: what does the new weight-loss pill mean for you?“I’m now at a point where I’m going to buy even more clothes,” says Hayley Grice, 50, from Shropshire, who has dropped seven sizes after starting on the GLP-1 weight loss jab Mounjaro two years ago. “I’m very happy with my physique right now.”Grice, the financial director of a business she set up with her husband, tried gastric bypass surgery in 2009, but put most of the weight back on, and had been between UK dress sizes 26 and 28 (US sizes 22 and 24) all her adult life. Continue reading...
theguardian.com
The ad machine: how David Beckham conquered America
The former England midfielder is everywhere at this World Cup, having reached a popularity in the US other Britons have rarely achievedWatch US television for any length of time and the endless spume of adverts will eventually separate into three distinct types.The first are adverts for units of generic food-substance, each one essentially the same hand-sized grenade of glossy and salted microminced matter; but each also with its own industrialised repertoire of colours and noise and packaging required to dress it as a distinct genre of actual human food. Try the delicious new Flame Sauced Philly Cheese Taco Wing Waffle Dog Deep Dish MegaDeath Burger Grenade-Shaped Eat Thing. You won’t be disappointed. Or you will be. Whatever. Continue reading...
theguardian.com
Labour MPs call for Andy Burnham to restore aid spending target set by Brown
Thinktank urges prospective prime minister to reclaim UK’s role as an international leader on developmentInfluential backbenchers are calling on Andy Burnham to reclaim Labour’s leadership on international development and chart a course back to spending 0.7% of national income on overseas aid.In a collection of essays to be published soon by the New Economics Foundation (NEF) thinktank, MPs lay out proposals for a Burnham-led government to rethink foreign policy. Continue reading...
bbc.co.uk
'We've saved 34 tonnes of food and a carpet'
Two community groups say they have welcomed "record attendances" and given away many 'random items".
theguardian.com
Ryanair has axed its family seating policy – but kids’ fees still add up
The airfare for a baby on your lap could cost more than your own ticket. Here’s how airline charges and travel taxes can hit youRyanair recently stopped making parents pay to sit next to their children but depending on the airline the hidden extra costs involved in flying with children can be substantial. In some cases, you can even end up spending more for the baby on your lap than you paid for your own flight.Your baby might not need a seat, but you are still likely to pay fees for them to travel. Some airlines offer discounts for children over two, while others whack families with the cost of a full-grown adult. Continue reading...
cnbc.com
AstraZeneca's trial flop raises a bigger question: Is its pipeline premium becoming more vulnerable?
For years, AstraZeneca has commanded one of the richest valuations among large European pharma companies on the assumption that it consistently delivers results.
cnbc.com
Apple sues OpenAI alleging trade secret theft, says scheme was 'at every level'
The two companies entered into a high-profile partnership in 2024 when ChatGPT was integrated into the iPhone's operating system.
cnbc.com
SK Hynix rises 13% in Nasdaq debut. Chairman tells CNBC 'demand is enormous'
SK Hynix has soared to a trillion-dollar market cap by serving some of the biggest names in technology, including Nvidia and Apple.
theguardian.com
What are the rules on political donations and gifts in the UK?
Mega-donors are coming under scrutiny with growing calls for donations cap beyond those from overseas investorsThe question of who funds politicians and political parties – and why they want to give money to get people elected – is an extremely heated one. In principle, UK voters can support their chosen politicians through donations or benefits, as long as those candidates and their parties keep within spending limits during an election period, which is designed to stop powerful interests from influencing the result.However, recent years have seen the rise of mega-donors giving vast sums to political parties, leading to calls for a new cap on the amount one individual or company can donate in a year. There has also been pressure for greater transparency around financial interests after the furore over Nigel Farage’s £5m gift from Thailand-based crypto billionaire Christopher Harborne, shortly before the Reform UK leader became an MP. The rules state that gifts only have to be declared if they are political, and Farage has said it was “personal” and freely given with no demands attached. Parliament’s standards commissioner is investigating the case. So, what are the rules on political donations and gifts? Continue reading...
theguardian.com
George and Fiona Cottrell understood to have been interviewed under caution by Met police
Exclusive: Interviews of Farage aide and his mother believed to be part of investigation into donations to Reform UK before 2024 electionNigel Farage’s aide George Cottrell and his mother, Fiona Cottrell, have been interviewed under criminal caution by Scotland Yard detectives, the Guardian understands.The interviews are understood to form part of an ongoing investigation into donations to Reform UK before the general election in July 2024. Continue reading...
cnbc.com
How the U.S.-Iran deal set the stage for renewed fighting over the Strait of Hormuz
The U.S. and Iran's contradictory interperations of the memorandum of understanding have led to renewed fighting over the Strait of Hormuz.
theguardian.com
High court rejects most of ‘dieselgate’ claims brought by 1.6m UK car owners
Carmakers welcome ruling against suit claiming manufacturers including Nissan, Ford and Peugeot fitted devices to defeat emission testsCar manufacturers have welcomed a high court verdict that rejected most of the allegations in a “dieselgate” claim brought on behalf of 1.6 million UK owners of polluting cars.In her judgment, Lady Justice Cockerill said that “in the majority of instances, the court found that the relevant strategy did not constitute a prohibited defeat device” – software that enables the engine to behave differently in tests. Continue reading...
bbc.co.uk
Chip giant SK Hynix raises $26.5bn as shares surge in bumper US listing
The shares surged as much as 17% in their Nasdaq trading debut on Friday following the record-breaking foreign listing.
bbc.co.uk
Man nearly sucked out of window mid-air on Ryanair plane, passengers say
The man's wife held onto his legs for around five minutes to stop him from being sucked out, officials say.
bbc.co.uk
Major car firms found not to have installed emissions-cheating devices
A High Court judge said some major car manufacturers did not install a device to cheat emissions testing.
theguardian.com
Two bidders are better than one. But easyJet’s exit is depressing for the London market | Nils Pratley
Once again a mispriced share price created opening for US raiders to rush inUS private equity firm Apollo enters easyJet bidding warWill any remaining bidders for easyJet please make their way to the boarding gate? In reality, we’ve probably seen the whole cast at this point because the arrival of US private equity firm Apollo, trumping Castlelake’s offer, is a surprise. But the outbreak of a competitive auction will come as a relief to easyJet’s board.For all the fake drama of Castlelake’s five offers, it was an act of timidity on the part of the easyJet chair, Sir Stephen Hester, to surrender at 690p, as argued here earlier this week. Apollo’s 715p, or £5.7bn, is only 3.6% more but at least the first digit is less embarrassing and there is always a chance Castlelake comes back for another go. Continue reading...
bbc.co.uk
EasyJet agrees to surprise takeover bid as rival US firm swoops in
The airline says a bid from US firm Apollo has trumped a recent takeover offer from Castlelake.
theguardian.com
Bank of England handed powers to regulate key tech firms including Amazon and Google
Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economyThe Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers.From Monday, the Bank and fellow City regulator the Financial Conduct Authority (FCA) will be in charge of ensuring that four large-scale providers of cloud and tech services to banks are resilient and actively reducing the risk of cyber-attacks and major outages that could disrupt services for millions of people and businesses across the UK. Continue reading...
theguardian.com
The bulging in-tray of challenges Andy Burnham faces upon entering No 10
From welfare and defence spending to cost of living and geopolitics, we look at the key issues left over from StarmerAndy Burnham is expected to become prime minister in less than two weeks and has promised to significantly change Labour’s agenda and deliver improvements for all parts of the UK.But he will arrive with a bulging in-tray of challenges and issues left over from Keir Starmer – from geopolitics to the cost of living. Here is what Burnham can expect to find behind the Downing Street black door. Continue reading...
cnbc.com
Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets
Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing on the Nasdaq.
bbc.co.uk
Should you be switching bank accounts?
Martin Lewis covers whether you should be switching bank accounts.
bbc.co.uk
EU threatens Meta with fines over 'addictive' Facebook and Instagram
Regulators say features such as infinite scroll contribute to "compulsive use" and "unhealthy habits".
cnbc.com
Volkswagen to slash model lineup and shrink capacity — but no word on job cuts
The update followed a high-stakes boardroom showdown with the group's supervisory board.
theguardian.com
Pokémon Go fans gather in Times Square to celebrate 10 years of game – video
Pokémon Go celebrated its 10th anniversary with a Times Square takeover in New York featuring a special event to defeat the Pokémon species Mewtwo. Nearly 2,000 people played the game together simultaneously in what organisers called one of the largest in-person Pokémon battles in history Continue reading...
bbc.co.uk
Vapes to have less enticing names and flavours to protect children
People are being consulted about plans to stop vape companies using enticing flavour descriptions that "attract" children into experimenting.
cnbc.com
EasyJet pops 13% as airline weighs $7.7 billion rival takeover bid from Apollo
A bidding war has broken out for budget carrier easyJet after Apollo and Castlelake have both submitted takeover offers.
theguardian.com
Here’s how Andy Burnham can finance a reindustrialised Britain – without doing a Liz Truss | Larry Elliott
Britain’s PM-in-waiting is right that the country has been failed by 40 years of neoliberalism. There will be obstacles, but he must embrace radicalism Of all the many prime ministers who have walked through the doors of 10 Downing Street in the past decade, the one Andy Burnham resembles most is Liz Truss. Both had a view of what was going wrong with the economy. Both wanted to break with the politics of managed decline. Both had ambitious ideas for what needed to be done.Truss, of course, came to grief within weeks of becoming prime minister, after her tax-cutting mini-budget was brutally rejected by the financial markets. The big question for Burnham is whether he can deliver on his agenda without suffering the same fate. He can, but it won’t be easy.Larry Elliott is a Guardian columnist Continue reading...
theguardian.com
Homes for sale with stylish bedrooms in England and Wales – in pictures
From a warehouse conversion in London with views of the water, to a 17th-century barn with an annexe used as a yoga retreat Continue reading...
theguardian.com
This thinktank exposed fat cats and obscenely high pay. Guess what has happened to it? | Polly Toynbee
The High Pay Centre revealed the excesses of CEO wages. But then anti-diversity winds blew in from across the AtlanticShock ricocheted around the world of social research this week with the sudden news of the imminent closure of the High Pay Centre (HPC). Founded in 2011 by the former Guardian business editor Deborah Hargreaves to focus on analysis of extreme pay at the top and the widening pay gap between CEOs and their average employees, its closure feels like the death of an idea.Others campaign on tax and redistribution but the HPC was concerned with “predistribution”. It was unique in looking at the origins of inequality in pay and control over pay rates. Its annual report is always covered, even by rightwing media, because each year it reawakens a sense of disbelief at the way we live now. Why would the median FTSE 100 CEO need £4.4m this year to do his (yes, mostly still his) gratifyingly high-status job? Why?Polly Toynbee is a Guardian columnist Continue reading...
theguardian.com
Telstra CEO Vicki Brady faces questions on nationwide outage – video
Returning from annual leave, Telstra chief executive Vicki Brady has faced a barrage of questions for the first time since the company's nationwide outage on Wednesday affected train services, payment systems and triple zero calls. Brady says the failure was not the result of job restructuring, insisting that 'people and processes worked as they should have'. She said Telstra would conduct a thorough investigation into the software glitch behind the outage.An earlier headline on this video incorrectly said Telstra was reviewing executive bonuses in light of the incidentHow a throwback to 2006 took down Telstra’s national phone networkAs the Telstra crisis unfolded, the Coalition fell victim to another communications failureTaylor defends Sarah Henderson’s triple-zero calls as SA police investigate claimed Telstra-outage death Continue reading...
bbc.co.uk
'Cool in 90 seconds' - the fake portable air conditioners sweeping the internet
The ASA says adverts claiming small devices can rapidly cool rooms were too good to be true.
bbc.co.uk
Pressure builds on Europe's biggest port to be greener
A lawsuit demands that the Port of Rotterdam moves faster to cut its dependence on fossil fuel firms.
bbc.co.uk
Interest rates may need to rise this year, says Bank of England economist
Chief economist at the Bank of England says slower growth and inflationary pressures mean rate rise needed
bbc.co.uk
Big fall in oil, gas and cargo ships taking US-backed Hormuz route after new strikes
Data shows a decline in the number of ships - many carrying oil and gas - going through the waterway after attacks this week.
bbc.co.uk
Porn site company fined £630,000 over failed age checks
Ofcom has fined a slew of sites it says are failing to prevent children accessing their adult content.
bbc.co.uk
Jackdaw boss warns of winter fuel shortage risk if gas field not approved
Adura says the UK government must approve North Sea production urgently to avoid domestic supply shortages.
bbc.co.uk
How can I get air conditioning in my home and how much does it cost?
As summers in the UK get hotter, is it time for air conditioning to become a permanent feature in most homes?
bbc.co.uk
Life of Sizewell B extended by another 20 years
The power plant was due to reach the end of its life in 2035 but will now continue until 2055.
bbc.co.uk
Wealthy AI workers send San Francisco house prices soaring
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
bbc.co.uk
I run the UK's biggest bank, here are five ways to manage your money
The CEO of Lloyds Bank talks about how to save, budget, avoid scams and manage money in a relationship.
bbc.co.uk
Why electric cars cost more to insure - and what's being done about it
The insurance cost of electric vehicles is still putting off many would-be buyers. So what can be done about it?
theguardian.com
Will Trump invade Cuba? – podcast
Since Donald Trump threatened to ‘take’ Cuba, the Caribbean island has been on edge. Escalating US sanctions and an oil blockade has crippled essential services, plunged the country into blackouts and ground life for its 10 million people to a near halt.Nour Haydar speaks with Ruaridh Nicoll about what life is like on the ground in Havana – and if US military intervention could be nextRead more:No electricity, no gas, no sleep: Cubans on edge amid endless outagesCubans outraged at US charges against Raúl Castro as fears of military strikes grow Continue reading...
bbc.co.uk
How to find lost bank accounts
How to find lost bank accounts
bbc.co.uk
Virgin Media fined after hanging up on customers trying to cancel contracts
Millions of phone calls from customers were "likely mishandled" over nearly a three-year period, the regulator says.
cnbc.com
This former Apple executive is betting on Shenzhen, not Silicon Valley, to create the 'next Apple'
Startups building consumer electronics will have a better shot at becoming the next Apple in Shenzhen than in Silicon Valley, said Will Wang, CEO of China's smart-glasses startup.
cnbc.com
China's rare missile test will push wary Asia-Pacific countries to close ranks, analysts say
China's rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.
theguardian.com
Datacentres are booming – and there goes the neighbourhood | Jess Harwood
Be careful what you wish forSee more of Jess Harwood’s cartoons here Continue reading...
bbc.co.uk
People Fixing The World
The people turning life experience into business ideas with funding and other support
theguardian.com
UK house prices rise for first time since start of Iran war
Typical property cost £299,330 in June, 0.2% more than the month before, says LloydsBusiness live – latest updatesHouse prices across the UK have risen for the first time since before the onset of the Iran war, leaving property values narrowly below those at the start of the year, according to a survey.The typical property cost £299,330 in June, a 0.2% increase on the month before. This came after a monthly drop of 0.2% in May, according to the latest Lloyds house price index, previously known as the Halifax HPI. The annual growth rate edged higher to 0.6% from 0.5%. Continue reading...
theguardian.com
Sun stoppers: seven ways to keep your home cool this summer
You can keep temperatures down without the cost – or environmental price – of air conditioning. Here’s some tips and tricksThe best fans to keep you cool in 2026 – tried and testedIn the UK we are used to worrying about our homes being warm enough, but after struggling to cope with high temperatures in May and June the race is on to cool them down before the next heatwave hits.And while it might be tempting to swap your desktop fan for a portable air conditioner, there are lots of low-cost, more sustainable ways to stop rooms overheating. Continue reading...
bbc.co.uk
Robots available for rent: But what can they do?
Robotics tech is changing fast, so for many it makes sense to rent a robot.
cnbc.com
Nvidia's next-gen AI rack system delayed to 2028 on manufacturing snags, SemiAnalysis says
The reported delay adds to concerns that Nvidia's breakneck annual release cadence is colliding with manufacturing limits.
bbc.co.uk
Shoppers hit by hidden fees
Shoppers hit by hidden fees
bbc.co.uk
AI is 'not smart' so what's next in artificial intelligence?
Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.
bbc.co.uk
Why is crucial tech vulnerable to the heat?
Energy grids and train services are among the vital services that are vulnerable to very hot weather.
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
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